Common use of PREPAYMENT OF OUTSTANDING DEBT Clause in Contracts

PREPAYMENT OF OUTSTANDING DEBT. Not pay, in whole or in part, any outstanding Debt of the Company or a Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt, (iii) accounts payable and other trade payables, and (iv) prepayment of loans under the Bank Credit Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc)

AutoNDA by SimpleDocs

PREPAYMENT OF OUTSTANDING DEBT. Not payPay, in whole or in part, any outstanding Debt of the Company Borrower or a Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt, Debt and (iii) accounts payable and other trade payables, and (iv) prepayment of loans under the Bank Credit Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc)

PREPAYMENT OF OUTSTANDING DEBT. Not pay, in whole or in part, any outstanding Debt of the Company or a Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt, (iii) Revolving Credit Loans (as defined in the Bank Credit Agreement), and (iv) accounts payable and other trade payables, and (iv) prepayment of loans under the Bank Credit Agreement.

Appears in 1 contract

Samples: Loan Agreement (Del Laboratories Inc)

AutoNDA by SimpleDocs

PREPAYMENT OF OUTSTANDING DEBT. Not payPay, in whole or in part, any outstanding Debt (other than Debt owing to the Lenders) of the Company a Borrower or a any Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt, (iii) accounts payable and other trade payables, and (iv) prepayment of loans under the Bank Credit Agreementpayable.

Appears in 1 contract

Samples: Loan Agreement (Allied Devices Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!